The federal government generated a total sum of N289.04 billion as Value Added Tax (VAT) in Q1 2019, representing a decline of 3.01 per cent (Quarter-on-Quarter) when compared to the N298.01 billion collected in Q4 2018, the National Bureau of Statistics (NBS) stated.

Other manufacturing generated the highest amount of VAT with N31.42 billion generated and closely followed by Professional Services generating N24.31 billion, Commercial and Trading generating N14.92 billion while Mining generated the least and closely followed by Pharmaceutical, Soaps & Toiletries and Textile and Garment Industry with N59.88 million, N201.58 million and N298.14million generated respectively.